Today, the costs of nursing homes and elderly care is continuing to rise. If you plan now, you can provide you and your family with the coverage you need to protect your assets and maintain the financial security that you may need later in life.

In general, if you can't perform daily activities because of an impairment as a result of chronic illness or disability, you will need long-term care. This would include the assistance you could need if you are unable to take care of yourself for a long period of time. However, some people who need help with these daily activities may only need them for a few months.